JPMorgan Realty Income ETF

JPMorgan Realty Income ETF (JPRE) is an actively managed fund that holds about 38 real estate investment trusts (REITs). REITs are companies that own or finance property and pay out most of their income. J.P. Morgan's managers pick the stocks instead of tracking an index, and 62.5% of the fund sat in its top 10 holdings as of August 31, 2026. Its 0.50% expense ratio is above the 0.32% average of similar REIT funds.

• Over the year to Oct 27, 2026, JPRE returned +6.7%, 5th of 9 among similar funds.
• Its worst full calendar year was 2025 (+1.4%); its best was 2023 (+13.4%).
• The deepest fall in its price history was 23.8% (Aug 15, 2022 to Oct 14, 2022), recovered by Jul 17, 2024.

As of Aug 31, 2026, the fund held 38 securities; the ten largest made up 62.51% of assets. It also reported 3.44% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

By sector

• Over the three months to Aug 31, 2026, investors withdrew a net $8.0M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +1.54%, +2.61%, -2.22%.

JPRE does not follow an index. Its adviser, J.P. Morgan Investment Management Inc. (JPMIM), puts at least 80% of net assets in REITs. These can be equity REITs, which own buildings, or mortgage REITs, which hold loans backed by real estate. Some may be smaller companies. The fund may also hold up to 15% of net assets in illiquid holdings, meaning investments that can be hard to sell quickly.

The team focuses on picking individual companies rather than betting on property types. It looks for financial strength, strong operating returns and good growth prospects. It then estimates each company's normalized earnings, which is what the company should earn at the midpoint of an economic cycle, and judges whether the share price reflects long-term value. The adviser also weighs ESG (environmental, social and governance) issues it sees as financially material, but these do not automatically rule a company in or out.

The managers set position sizes; the prospectus gives no weighting formula. As of August 31, 2026, the largest holdings were Welltower (12.5%), Prologis (10.3%) and Equinix (8.8%). Because the fund is non-diversified, it can put more into a single company than a diversified fund can. Portfolio turnover was 113%, a sign of heavy trading. That raises trading costs and can produce taxable short-term gains.

• JPRE charges 0.5% a year, versus an average of 0.32% for the similar funds below (7th of 9, cheapest first).
• Of that, 0.6% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.21% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $51 in the first year and $863 over 10 years (assuming a 5% annual return).

This is a single-sector, non-diversified REIT fund with 62.5% in its top 10 holdings, so it is more naturally a small add-on to a broad portfolio than its center.

JPRE adds real estate exposure and pays income quarterly. Its trailing 12-month yield was 2.36% ($1.20 per share) as of October 27, 2026. The price can swing a lot. The prospectus shows a 24.9% loss in 2022, the worst calendar year in its record going back to 2016. It also shows a 23.5% drop in the first quarter of 2020, though 2020 ended down just 3.75%. There is no data for 2008. Since the ETF launched, its deepest drop was 23.8%, from August 15 to October 14, 2022. It took about 21 months, until July 17, 2024, to recover. Anyone drawing on it during a stretch like that could have to sell shares at low prices. Its 0.50% expense ratio is above the 0.32% average for similar funds. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.